REPORT: Warren, Ocasio-Cortez team up to go after Sec. Mnuchin over bankruptcy of retail giant

Sen. Elizabeth Warren (D-Mass.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) on Thursday pressed Treasury Secretary Steven Mnuchin on allegations that he and other Sears board members stole billions of dollars from the collapsing retailer.

In a Thursday letter to Mnuchin, Warren and Ocasio-Cortez asked the Treasury secretary to explain his role in a series of financial maneuvers that stripped Sears of its most profitable assets and loaded the now-bankrupt company with debt.

The article goes on to state the following:

“We are deeply concerned by the financial engineering and potentially illegal activity that took place at Sears Holding Corporation while you served on the company’s board,” the lawmakers wrote in a five-page letter.

Warren, a Democratic presidential candidate, and Ocasio-Cortez also released a video explaining the letter and their concerns with Mnuchin’s involvement in the company’s financial collapse.

Steven Mnuchin and his college roommate Eddie Lampert (the CEO of Sears) piled the company with debt, closed thousands of stores, and enriched themselves at the expense of workers. Now, @StevenMnuchin1 could have a say in decisions affecting @Sears. pic.twitter.com/042ENythbO

Washington is supposed to work for everyone. Instead, the rich & powerful like @StevenMnuchin1 & Eddie Lampert use it to become even more rich & powerful, while workers are left holding the bag. This is the DC swamp at its worst. https://t.co/qEbIL9JAM8

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